Stock FAQs

why has sysco stock dropped 2018

by Waldo Hodkiewicz Published 3 years ago Updated 2 years ago
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Sysco shares continue to fall further this month, hitting 52-week lows even as I write this. This comes at a time when the stock marked its 50th year of being listed on the NYSE just days ago. Clearly, investors aren't ignoring the growth threat from the coronavirus outbreak, especially in sensitive business regions like Europe.

The year-over-year deterioration can be attributed to reduced sales and margins. The company reported sales of nearly $11,824.6 million, which fell 13.7% year over year and missed the Zacks Consensus Estimate of $12,183 million. Foreign currency had a favorable impact of 0.8% on the top line.Jun 3, 2021

Full Answer

What is the latest closing stock price for Sysco?

The latest closing stock price for Sysco as of March 02, 2022 is 88.37. The all-time high Sysco stock closing price was 88.37 on March 02, 2022. The Sysco 52-week high stock price is 89.22, which is 1% above the current share price. The Sysco 52-week low stock price is 68.05, which is 23% below the current share price.

What is the all-time high Sysco stock price?

The all-time high Sysco stock closing price was 88.37 on March 02, 2022. The Sysco 52-week high stock price is 89.22, which is 1% above the current share price.

How much money does Sysco make a year?

Sysco has a market capitalization of $42.33 billion and generates $51.30 billion in revenue each year. The company earns $524.21 million in net income (profit) each year or $1.32 on an earnings per share basis. How many employees does Sysco have?

When is Sysco's next quarterly earnings release?

Sysco is scheduled to release its next quarterly earnings announcement on Tuesday, May 3rd 2022. View our earnings forecast for Sysco. How were Sysco's earnings last quarter?

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Will Sysco stock go up?

Stock Price Forecast The 12 analysts offering 12-month price forecasts for Sysco Corp have a median target of 97.00, with a high estimate of 107.00 and a low estimate of 84.00. The median estimate represents a +10.73% increase from the last price of 87.60.

Is Sysco overvalued?

Intrinsic Value Calculation When looking at the P/E ratio or the P/FCF ratio, the stock seems to be extremely overvalued.

Is Sysco undervalued?

An Intrinsic Calculation For Sysco Corporation (NYSE:SYY) Suggests It's 48% Undervalued.

Is Sysco a good stock to buy?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sysco in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Sysco stock.

Is Sysco going out of business?

On March 9, the company repaid the remaining $700 million in outstanding borrowings under its long-term revolving credit facility that expires on June 28, 2024....For more information contact:Media ContactInvestor Relations [email protected]@sysco.comT 281-584-4059T 281-436-78152 more rows•Mar 10, 2021

Is Sysco in financial trouble?

Based on the latest financial disclosure, Sysco Corp has a Probability Of Bankruptcy of 11.0%. This is 69.6% lower than that of the Consumer Defensive sector and 61.82% lower than that of the Food Distribution industry.

Is Sysco a dividend king?

It has an entrenched industry position and should see steady demand, even during recessions. These qualities make Sysco a reliable stock for income. Sysco is on the exclusive list of Dividend Kings, a group of stocks with 50+ consecutive years of dividend increases.

Can the public buy from Sysco?

Sysco, the global food distributor that works restaurants, chefs, and other industry professionals, has plans to open to the public with curbside service starting next week.

How do I buy stocks in Sysco?

How to buy shares in Sysco CorporationCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.

Who owns Sysco?

John Baugh, owner of Zero Foods Company of Houston, is the guiding force behind the creation of SYSCO Corporation from the combination of nine small food distributors.

What countries is Sysco in?

Our robust international network supports customers in 90 different countries around the world. Our international Operating Companies outside the U.S. and Canada are located in the Bahamas, Ireland, Costa Rica, Mexico, the United Kingdom, France, Sweden, Luxembourg, Panama and Belgium.

Where is the headquarters for Sysco Foods?

Houston, TXSysco / Headquarters

What happened

Shares of restaurant food supplier Sysco Corporation (NYSE: SYY) sank as much as 11.3% in early trading Monday after reporting fiscal Q1 2019 earnings that fell just short of estimates.

So what

But the news wasn't all bad. Sales may have missed estimates, but they did at least grow 4% year over year. Earnings may have missed estimates as well -- but Sysco earned 17% more profit in Q1 2019 than it had in the year-ago quarter.

Now what

Decent sales growth, even better profits growth, and fantastic free cash flow -- what's not to like about all of that? I'll tell you what: the valuation.

The Motley Fool

Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.

From coronavirus to company-specific issues to a new CEO and a potential upcoming acquisition, Sysco shareholders have a lot to watch out for

A Fool since 2011, Neha has a keen interest in materials, industrials, and mining sectors. Her favorite pastime: Digging into 10Qs and 10Ks to pull out important information about a company and its operations that an investor may otherwise not know. Other days, you may find her decoding the big moves in stocks that catch her eye.

What happened

Sysco Corporation ( NYSE:SYY) stock tumbled 18.9% in February, according to data provided by S&P Global Market Intelligence.

So what

Sysco reported its second-quarter (quarter ended Dec. 28, 2019) numbers on Feb. 3. Sales increased 3.2% and operating income 4.2% year over year.

Now what

Sysco shares continue to fall further this month, hitting 52-week lows even as I write this. This comes at a time when the stock marked its 50th year of being listed on the NYSE just days ago. Clearly, investors aren't ignoring the growth threat from the coronavirus outbreak, especially in sensitive business regions like Europe.

What is Sysco Corporation?

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The company distributes frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of China and silverware; cookware, which include pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. As of June 27, 2020, it operated 326 distribution facilities. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas.

Where is Sysco located?

As of June 27, 2020, it operated 326 distribution facilities. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas. Read More.

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